Iron Mountain Incorporated
IRMReal Estate · Stock · quarterly payer
Forward Yield
3.02%
Annual Dividend
$3.46
Payout Ratio
240%
5-Yr Growth
5.4%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Iron Mountain Incorporated (IRM) yields 3.02% ($3.46 per share annually), with a blended fair-value estimate of $67.02 — -41% downside, so it screens as overvalued. Dividend safety grade: A (81/100). 3 years of dividend growth.
Is IRM a good dividend stock?
YesIron Mountain Incorporated (IRM) pays a quarterly dividend yielding 3.02% ($3.46/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Strong 5.4% 5-yr dividend growth
- 151% total price return over 5 years
- Top-tier dividend safety score
Risks
- Elevated payout ratio (240%)
Key Data
- Dividend Yield
- 3.02%
- Payout Ratio
- 240%
- Annual Dividend
- $3.46
- 5-Yr Avg Growth
- 5.4%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 1.20
- Market Cap
- $34.8B
- P/E Ratio
- 82.9
- 5-Yr Total Return
- 151%
- 52-Week Range
- $77.77 – $134.68
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
Frequently Asked Questions
IRM Price — Last 12 Months
Daily close
Price Return
1 Year
+11%
3 Years
+94%
5 Years
+151%
52-Week Range
$77.77 – $134.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IRM worth?
Overvaluedlow confidenceOur blended fair-value estimate for Iron Mountain Incorporated is $67.02 per share, versus a market price of $114.34. That implies 41% of downside.
Fair Value
$67.02
Current Price
$114.34
Downside
-41%
Margin of Safety
-71%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.3% discount rate (CAPM), 12.9% stage-1 growth, 2.5% terminal growth, $1.41 EPS, $3.46 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IRM Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.8640 | regular |
| Jun 15, 2026 | — | $0.8640 | regular |
| Mar 16, 2026 | — | $0.8640 | regular |
| Dec 15, 2025 | — | $0.8640 | regular |
| Sep 15, 2025 | — | $0.7850 | regular |
| Jun 16, 2025 | — | $0.7850 | regular |
| Mar 17, 2025 | — | $0.7850 | regular |
| Dec 16, 2024 | — | $0.7150 | regular |
| Sep 16, 2024 | — | $0.7150 | regular |
| Jun 17, 2024 | — | $0.6500 | regular |
| Mar 14, 2024 | — | $0.6500 | regular |
| Dec 14, 2023 | — | $0.6500 | regular |
| Sep 14, 2023 | — | $0.6500 | regular |
| Jun 14, 2023 | — | $0.6190 | regular |
Income Calculator
At $3.46 / yr per share
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